Voting Results along with scrutinizer''s report of EGM held on 07.11.2025 through VC/OAVM.
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Ecoboard Industries held an Extra-ordinary General Meeting on 7 November 2025 through video conferencing, where shareholders passed all three resolutions. Resolution 1 (Ordinary) approved an increase in the company's authorized share capital, with 79.34 lakh votes (100%) cast in favour by 24 members. Resolution 2 (Special) approved the preferential issue of 34,41,417 equity shares, passing with 99.78% votes in favour (93,117 votes) and only 200 votes against. Resolution 3 (Special) approved the issue of convertible warrants to persons belonging to the promoter category, also passing with 99.78% in favour. Notably, 78.40 lakh votes held by 6 members were declared invalid on Resolutions 2 and 3, as the promoters were interested parties in the preferential allotment and were not entitled to vote. Total shareholders on record date were 11,701.
The EGM clearances pave the way for Ecoboard Industries to raise capital — both through a fresh equity issue on a preferential basis and through promoter convertible warrants. Shareholders should expect potential dilution once the preferential shares and warrants are allotted, and should track the issue price and allotment timeline for impact on share value.